Does Access to Fico Scores Influence Financial Behavior? Evidence From a Field Experiment With Student Loan Borrowers

Tatiana Homonoff, New York University, USARourke O' Brien, University of Wisconsin - Madison, USAAbigail Sussman, University of Chicago, USA

We examine whether access to credit score information influences financial decisions. In a randomized experiment of more than 450,000 student loan borrowers, we vary the presence of email correspondence providing information about credit score availability. Viewing their FICO score appears to induce individuals to take steps to improve their creditworthiness.